Boston, MA 09/19/2014 (wallstreetpr) – Integrated producer of different types of steel, AK Steel Holding Corporation (NYSE:AKS) has launched a new stainless steel product called Chromeshield 22 offering improved benefits apart from stable pricing for its customers since it does not have nickel.
New Product
AK Steel Holding Corporation (NYSE:AKS) disclosed that its new product was developed at its Research Center in Middletown primarily for makers of food service equipment, appliance, tubing, heat exchangers, automotive exhaust components and cookware, according to its statement. The product proved to be a low-cost material solution and attractive to a number of manufacturing benefits in a lot of most demanding applications after conducting rigorous tests and customer trials.
AK Steel Holding Corporation (NYSE:AKS) said that Chromeshield 22 is similar to nickel-bearing stainless steels and was anti-stain and anti-rust with exceptional corrosion properties. The company indicated that Chromeshield 22 resistance would meet in a number of applications, and some cases exceed the performance level of usual nickel-bearing stainless steels. The technology breakthrough would position the brand to not only maintain its integrity and appearance but would also provide competitive edge against high priced stainless steels. This apart, the new product also withstands any extreme changes in temperature compared to nickel-bearing grades of stainless steel. This is a key factor for makers of automotive exhaust components, heat exchangers and cookware since the new product provides improved safeguards against temperature-related stress, as well as, fatigue fractures.
NSF International Approves
AK Steel Holding Corporation (NYSE:AKS) indicated that the new product also got the approval of the leading health and public safety organization, NSF International, for safe food contact. This is extremely important for the food serving equipment market.
Chromeshield 22 is manufactured in America thereby enabling its customers to get domestic sourcing for their manufacturing operations in the U.S. AK Steel Holding Corporation (NYSE:AKS) said that pricing could be more predictable since the new product dos not contain nickel, which attracts extreme volatility as the costs are linked with London Metal Exchange trading of nickel pricing.
